Thursday, August 10, 2017

MRC, Uni Solar enter solar rooftop market

MRC Allied Inc.
and Uni Solar Inc. (Uni Solar) will work together to look at opportunities
in developing solar-rooftop projects.

The listed firm
said on Wednesday that it signed a memorandum of understanding (MoU)
with Uni Solar. The MOU signing confirms that both parties have an interest in
developing solar photovoltaic (PV) rooftop projects in the Philippines as
identified by Uni Solar.

“The purpose of the due
diligence is to allow MRC to make a decision to pursue solar photo voltaic
rooftop projects with Uni Solar,” MRC said.

Under the MOU, MRC will
conduct a due diligence for one year. The parties are bound by the terms
and confidentiality, while the MOU is in force and within one
year thereafter.

Uni Solar is a company
based in the Philippines, which is engaged in the business of design, global
sourcing, local distribution, manufacturing and sale of quality and
environment-friendly solar-power products, especially in solar pv for rooftops.

Last month it signed
another MOU with China Energy Engineering Group Guangdong Power Engineering
Co., LTD. (GPEC).

Under the MOU, GPEC
will conduct a due diligence for a period of one year from MOU signing. The
purpose of the due diligence is to allow GPEC to make a decision to pursue RE
projects with MRC. Company President Gladys Nalda has said the company plans to
put up at least 1,000 megawatts (MW) of RE in the next five years.

“In line with our
vision to be one of the major players in the Philippine power industry, we plan
to develop at least 1,000 megawatts of clean and renewable energy by 2022,” she
said.

For this year MRC
Allied has an aggregate of 160 MW solar capacity in the pipeline. These are in
Clark Green City, Pampanga, and in Naga City, Cebu, with a target installed
capacity of 100 MW and 60 MW, respectively.

Former Energy Secretary
Carlos Jericho Petilla was earlier nominated as one of the board members of MRC
Allied.